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ABFRL surges on getting SEBI’s exemption over listing shares of Rs 2,195 crore alloted to Caladium

Sep-08-2022   11:51 Hrs IST

Aditya Birla Fashion and Retail is currently trading at Rs. 322.45, up by 0.40 points or 0.12% from its previous closing of Rs. 322.05 on the BSE.

The scrip opened at Rs. 324.90 and has touched a high and low of Rs. 324.90 and Rs. 319.25 respectively. So far 97000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.90 on 08-Sep-2022 and a 52 week low of Rs. 198.00 on 21-Sep-2021.

Last one week high and low of the scrip stood at Rs. 324.90 and Rs. 304.70 respectively. The current market cap of the company is Rs. 30246.72 crore.

The promoters holding in the company stood at 56.09%, while Institutions and Non-Institutions held 33.21% and 10.70% respectively.

Aditya Birla Fashion and Retail (ABFRL) has received SEBI’s exemption over listing of shares worth Rs 2,195 crore alloted to Caladium Investment, a foreign portfolio investor.

Based on the in-principle approval received from the stock exchanges, the Aditya Birla Group firm had made an application to the stock exchanges who approached SEBI and sought an exemption under Rule 19(7) of the SCRR from Rule 19(2)(b), in relation to the proposed listing of warrants pursuant to the preferential issue of the Company.

Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company's brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.